MeloWuzzHere5709 MeloWuzzHere5709

03-07-2021
Business

contestada

Penelope withdraws $4,115.23 at the end of a five-year investment yielding 4% interest, compounded annually. How much did Penelope originally deposit

Respuesta :

04-07-2021

Answer:

$3,382.42

Explanation:

The amount originally deposited by Penelope (PV) can be determined using a Financial calculator as follows :

FV = $4,115.23

PMT = $0

N = 5

I = 4 %

P/YR = 1

PV = ?

The PV is $3,382.42

thus,

Penelope originally deposited $3,382.42

Answer Link

Otras preguntas

1. in which of the following sentences is the word its used correctly? a. the monster reared its head at the tourists. b. its easy to learn to play the guitar,

When the numbers 312, 708, 697,and 279 are each divided by the same whole number, the remainder is the same. If the whole number is greater than one, what is th

find a solution to 3cos(θ)=−0.862 in radians

What are the types of breast cancer? user: what is triple negative breast cancer?

How did tax exemptions for land reclamation programs affect the central government of Japan? It was strengthened and developed a large army. It was weakened a

What plane contains points E, F, and H?

Latly you have enn working on improving your skills .you are fast

what is the value of x in the equation 4x 8y = 40, when y = 0.8?4.68.41012

A_trait is controlled by more than one gene

Help please! need answer now A catapult launches a boulder with an upward velocity of 112 ft/s. The height of the boulder, h, in feet after t seconds is given b